About your Search

20130121
20130129
Search Results 0 to 22 of about 23 (some duplicates have been removed)
, dealing with infrastructure challenges and budget deficits. and we need to expand our tax base, and we need to take advantage of what's happening right now. >> reporter: exactly how we take advantage is ripe for debate, but most agree better education and visas for the scientists we train in the u.s. is a good start. and remember what i.b.m.'s myerson said about continuity-- it's just as important to a >> the moment you believe there is no danger of losing your edge is when it disappears on you. >> reporter: suzanne pratt, "n.b.r.," at the watson research center. >> susie: the u.s. needs to make structural changes to restore its competitiveness. that's the main conclusion of an extensive study on american competitiveness by harvard business school professor michael porter. when i talked with him, we began our conversation by discussing why competitiveness matters for the u.s. economy. competitiveness is the coexistence of two things: one is a business environment in the united states that allows companies based here to compete successfully in the global economy but while maintaining or
, saving money on your taxes and boosting your retirement security. here's finra's gerri walsh. >> with washington roiling from one crisis to another, many americans feel uncertain about the impact of changing tax rates and how to achieve retirement security in a fragile economy. but, especially at times like this, workers should focus on what they can control. no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're not sure you're doing all you can to lower your taxable wages and secure your retirement, finras new 401(k) save the max calculator can help you do the math to find out. i'm gerri walsh. >> tom: join us tomorrow on twitter for a tw
calls balance and what the republicans call nonsense because it involves raising taxes. i think you have to do bovment i think you have to have more revenue and you have to cut back spending. >> susie: let's say congress doesn't do that. what happens next? explain to people what happens next. >> i think the real risk is that we come to a showdown in march when the current stopgap budget ends and we face the government shutdown. people will lose svices. pele wl lose jobs. and there will be a fiscal contraction, on top of the ones that we've already put in place. and that's not great for the economy, for sure. >> you know, and this whole conversation about a budget and the deficit and all of that. it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizableay. you need more investnt i human beings, that's education and so on. you ne
remains strong. also tomorrow, the best thing you can do now to save on taxes and boost your retirement security. details in our "money file" segment. the admission by lance armstrong that he took performance enhancing drugs came only after companies like nike, radio shack and others paid him millions of dollars to endorse their products but then dropped him. here's rick horrow with tonight's "beyond the scoreboard." >> reporter: oftentimes, the best athletes also are the best sales people. with so much money available from endorsements, the incentive to lie and cheat is multiplied as their stardom rises. in the last few years, several high-profile athletes have been brought down by scandal: golfer tiger woods with his extramarital affairs; olympic swimmer michael phelps with smoking marijuana; and, of course, lance armstrong with doping. in each case, the damage ne t their image had the collateral effect of costing them multi- millions of dollars in endorsement money. in a sense, it's warranted to blame athlete lying and cheating on big paychecks from sponsors. as long as playing contr
cuts and tax increases that have been implemented so far, we're pretty close. and ja lewntimately knows what itakes toet om he to there. now, i think you, also, to, about other issues of the treasury's beat, international currency, financial markets, implementing the dodd-frank issue. as i mentioned, financial reform is still incomplete. so jack lew is going to have to oversee those as well. >> susie: let me get back to the budget issue. jack lew was also the architect of this sequester mechanism. a lot of people are worried if that kicks in, the automatic spending cuts, that, you know, that would really be a bad thing for the economy. some democrats are surprisingly saying maybe that's a good way to handle this whole budget cuts. where do you think jack lew stands on that? and, unfortunately, we just have half a minute left. what do you think? >> well, i think jack recognizes that if the sequester kicks in, it does two things. one, it makes deficit savings a lot more pronounced. that's $85 billion in one year. but, two thurts an economic recovery that's already too fragile. we certainl
Search Results 0 to 22 of about 23 (some duplicates have been removed)